There are more US District Courts than there are US Circuit Courts of Appeal.<br><br> True<br> False

Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of

natulia [17]

Answer:

The correct answer is 40.6 days. None of the options is correct.

Explanation:

The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.

Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days = 40.6 days

This means it takes the company 40.6 days to collect its accounts receivable.

5 0

3 years ago

Look at the scenario Linear Production Possibility Frontier. What is the maximum number of pairs of socks Largetown can produce?

LenaWriter [7]

Answer:

A) 40

Explanation:

The chart is not very clear, but the information included is:

it takes four hours to produce one shirt
it takes two hours to produce one pair of socks

If the total number of labor hours is 80, then the maximum number of socks produced will = 80 hours / 2 hours per pair of socks = 40 pairs of socks

The total number of shirts produced would be 20.

8 0

3 years ago

When the economy is growing, total output is _____ and total income is _____.

arsen [322]

Increasing ,increasing
the reason is that when the economy is growing more money is flowing ,unemployment is decreasing so more goods and services are produced ,as a result of low unemployment ,more consumption and total output increasing total income is increasing

8 0

3 years ago

Read 2 more answers

University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developi

krok68 [10]

Answer:

Maintenance $0

Personnel $0

Printing $19,700

Developing $26,800

Explanation:

Calculation to allocate these service department costs to the operating departments Using the direct method

Particulars Allocation Basis Maintenance Personnel Printing Developing

Cost as per primary data

$4,000 $14,000 $15,900 $12,600

SERVICE DEPARTMENT COSTS:

Maintenance allocation (S)

$0 $0 $1,000 $3,000

Personnel allocation (S)

$0 $0 $2,800 $11,200

Total Costs Allocated

$0 $0 $19,700 $26,800

Computation for the allocation of costs:

Maintenance = $4,000 *1,800/(1,800+5,400)

Maintenance = $4,000 *1,800/7,200

Maintenance =$1,000

Personnel = $14,000 *650/650+2,600

Personnel=$14,000 *650/3,250

Personnel=$2,800

Maintenance = $4,000 *5,400/(1,800+5,400)

Maintenance = $4,000 *5,400/7,200

Maintenance = $3,000

Personnel = $14,000 *2,600/650+2,600

Personnel = $14,000 *2,600/3,250

Personnel = $11,200

Therefore allocation of these service department costs to the operating departments Using the direct method will be :

Maintenance $0

Personnel $0

Printing $19,700

Developing $26,800

3 0

4 years ago

Assume that the risk-free rate is 6% and the market risk premium is 5%. Given this information, which of the following statement

lana [24]

Answer:

d. An index fund with beta = 1.0 should have a required return of 11%.

Explanation:

required rate of return for a market indexed portfolio = 6% + (1 x 5%) = 11%

If the required rate of return is less than 11%, the beta is lower than 1.

If the required rate of return is more than 11%, the beta is larger than 1.

If beta doubles, then the required rate of return = 6% x (2 x 5%) = 16%

3 0

3 years ago

There are more US District Courts than there are US Circuit Courts of Appeal. True False